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ERISA 11.12.2020

Final Rule on Financial Factors in Selecting Plan Investments

Plan sponsors: take note! The U.S. Department of Labor has established new regulatory guidelines related to your fiduciary duties when selecting investments for 401(k) and other defined-contribution plans. Select Investments Based On Financial Returns and…
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Final Rule on Financial Factors in Selecting Plan Investments
ERISA 11.09.2020

Data Breaches: What Is Your Plan?

  Recent data breaches in the healthcare industry are alarming. The fact that there is a shortage of qualified cybersecurity professionals is troubling. Plan sponsors: how are you protecting your plan? Get Focused Cybercrime is…
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Data Breaches: What Is Your Plan?
ERISA 11.06.2020

Disruption Requires the Increased Vigilance of Plan Sponsors

Confronting the disruptions of 2020, plan sponsors must be ever more vigilant in their fiduciary duties. Legal experts recommend five actions. Uncertainties Are Not Excuses As the sponsor of your company’s retirement plan, ERISA law…
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Disruption Requires the Increased Vigilance of Plan Sponsors
ERISA 11.06.2020

The Importance of Documenting Retirement Plan Investment Decisions

  Sponsors of retirement plans increasingly face claims for breach of fiduciary duties. Examples include cases concerning “excessive” 401(k) plan fees. The National Law Review offers some practical advice. The Heavy Weight of Claims According…
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The Importance of Documenting Retirement Plan Investment Decisions
ERISA 10.27.2020

Year End Communications About Retirement Savings

The IRS has announced that the elective deferral limit for employee contributions to 401(k) plans for 2021 will remain at $19,500. However, it’s still an important time of year for plan sponsors to communicate with…
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Year End Communications About Retirement Savings
ERISA 10.27.2020

ERISA Pre-dates Modern Computing But Cybersecurity Counts!

  As retirement plan sponsors juggle compliance with ERISA—and the evolving landscape of cybersecurity threats—legal experts advise increased diligence. Stay Current The first known use of the word cybersecurity was in 1989—nearly fifteen years after…
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ERISA Pre-dates Modern Computing But Cybersecurity Counts!
ERISA 10.24.2020

401(k) Class Action Suits on The Rise: Protect Yourself and Your Plan

Benefits lawyers are currently experiencing a flood of lawsuits related to 401(k) plans. Plan sponsors need to closely follow ERISA regulations and ensure protection for retirement plans—and themselves. Challenging 401(k) Plan Fees An analysis by…
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401(k) Class Action Suits on The Rise: Protect Yourself and Your Plan
ERISA 10.24.2020

The 401(k) Partial Termination Rule: Have You Invoked It?

  Navigating the pandemic continues to force companies to make tough choices, including temporarily or permanently reducing the workforce. Plan sponsors need to assess the ramifications for 401(k) plans.  Understanding the IRS Partial Termination Rule…
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The 401(k) Partial Termination Rule: Have You Invoked It?
ERISA 10.18.2020

Going Beyond Passwords for Protection!

  The pandemic has led to an accelerated transformation in the business world. Yet, identity protection continues to rely mostly on passwords. With the cost of identity fraud rising, what does the future hold? Steering…
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Going Beyond Passwords for Protection!